F1 banker Gribkowsky to be released from jail

Former F1 banker Gerhard Gribkowsky is set to be released from jail next month.

Gribkowsky has been in jail in Munich for five years, over a $44 million corruption and bribery scandal that almost also led to the downfall of F1 supremo Bernie Ecclestone.

But Welt am Sonntag newspaper reports that, despite the fact that he was sentenced to eight and a half years in 2012, 57-year-old Gribkowsky will soon be released early.

A spokeswoman for the Munich district court confirmed that he will be released by March 3, even though the prosecutor reportedly argued against it.

A spokesman for the prosecutor declined to comment.